Question

The total of the individual employee earnings in the payroll master file should equal the total of:

1) balance of gross payroll in general ledger accounts.
2) of the checks drawn to employees for payroll.
3) gross payroll plus the total contributed by the employer for payroll taxes.
4) gross pay for the current week's payroll.

Answer 1

The total of the individual employee earnings in the payroll master file should equal the total of: balance of gross payroll in general ledger accounts, of the checks drawn to employees for payroll, gross payroll plus the total contributed by the employer for payroll taxes, and gross pay for the current week's payroll.

Step-by-step explanation:

The total of the individual employee earnings in the payroll master file should equal the total of:

1. balance of gross payroll in general ledger accounts.
2. of the checks drawn to employees for payroll.
3. gross payroll plus the total contributed by the employer for payroll taxes.
4. gross pay for the current week's payroll.

These four components should add up to the total employee earnings in the payroll master file. This ensures that all the earnings paid to employees are accurately represented and accounted for.